ON > Dows Lake - Civic Hospital And Area > 4502 - West Centre Town
Dows Lake - Civic Hospital And Area, ON K1S 4N2,424 Preston ST
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Dows Lake - Civic Hospital And Area, ON K1S 4N2,424 Preston ST
Dows Lake - Civic Hospital And Area, ON K1S 4N2,424 Preston ST
Dows Lake - Civic Hospital And Area, ON K1S 4N2,424 Preston ST
Dows Lake - Civic Hospital And Area, ON K1S 4N2,424 Preston ST
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Jamie Black

Jamie Black

+1(416) 496-9220
$ 65,000
Est. payment /mo
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Active

424 Preston ST Dows Lake - Civic Hospital And Area, ON K1S 4N2

2 Baths

UPDATED:

Key Details

Property Type Commercial

Sub Type Sale Of Business

Listing Status Active

Purchase Type For Sale

Subdivision 4502 - West Centre Town

MLS Listing ID X12563664

Annual Tax Amount $924,000

Tax Year 2025

Property Sub-Type Sale Of Business

Property Description

INCREDIBLE OPPORTUNITY TO OWN A STUNNING, TURN-KEY RESTAURANT IN THE HEART OF LITTLE ITALY! Offered as a sale of business, this fully equipped and beautifully designed restaurant spans approximately 1,300 sq. ft. and includes everything you need to walk in and operate immediately. The space features a functional commercial kitchen, seating for approximately 35 guests, a large, trendy bar, two washrooms, and additional prep and storage areas in the basement with a separate back entrance and 3-car parking. Located on vibrant Preston Street, surrounded by established restaurants, retail, government offices, and residential towers, this location offers excellent exposure and consistent foot traffic year-round. The sale includes all restaurant assets, furniture, fixtures, and equipment (FF&E), valued at $100,000, but offered to purchase for $65,000. Buyers will have the opportunity to negotiate a new long-term lease with the landlord or Assignment of the Lease. Triple-net rent is $4,200/month plus HST for Base Rent, with Additional Rent of approximately $1825.73/month plus HST w/ 2.5 yrs remaining on lease until Spring 2028; Rent subject to annual Increases. Utilities are separate and paid by Tenant. Proof of restaurant experience and financial capability required. See attached feature sheet for full list of included assets. *PLEASE NOTE THIS LISTING IS CANCELLED AND NO LONGER FOR SALE*

Location

Province ON

County Ottawa

Area Ottawa

Interior

Cooling No

Exterior

Community Features Major Highway

Utilities Available Yes

Lot Frontage 25.0

Lot Depth 100.0

Others

Security Features No

ParcelsYN No

Listed by EXP REALTY
Jamie Black

Jamie Black

Sales Representative

+1(416) 496-9220

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424 Preston ST

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